217-221 E Burk Ave, Wildwood, NJ 08260

$2,295,000

Add to Favorites New Search

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Add to Favorites

List Price: $2,295,000
Price Change: ▼ $100,000 1779312371
Days on Market: 112
Status: ACTIVE
MLS#: NJCM2007080
Year Built: 1960
County: Cape May
School District: Wildwood City Schools

New Search

Property Description

Builders, investors, and operators—don’t miss this rare opportunity to acquire a 9-unit condo portfolio in the heart of Wildwood, NJ, being offered as a package deal along with a buildable lot. This unique offering includes nine individually deeded condominium units, consisting of eight 2-bedroom, 1-bath units and one spacious rear cottage featuring 1 bedroom and 1 bath. The additional lot, currently utilized as parking for tenants, is large enough to accommodate the construction of one or two homes, similar to the neighboring properties at 223 and 225. The entire property has undergone extensive renovations within the past year and a half, and the heavy lifting has already been completed, including the full rehab, condo conversion, elevation certificate, and more. All units are currently operating as short-term summer rentals and continue to take reservations, offering immediate income potential. Ideally located just blocks from the beach, boardwalk, and Convention Center, this property sits in one of Wildwood’s most desirable rental zones. A truly unique investment opportunity combining strong current cash flow with future development upside.

Search All Properties

Additional Information